Why Do We Have A Price For Liberty

After watching the video " Ten Trillion and Counting", I found that the United States borrows money from China, Japan, Europe, and even Saudi Arabia. Borrowing money is something that the government shouldn't rely on for the incoming years because it has the chance of leading to national depression. They continuous borrowing from other countries will leave an immense debt to be payed off. When expenses increase the income yearly then a deficit will run. If those deficits add up then it will turnout as a debt. Although this is a lot money, most of that money is controlled by foreigners. Foreign countries are the highest holders of debt that the U.S. is against. "At the end of April, China alone held $1.1525 trillion of U.S. debt, and all foreign nations combined held over $4.4 trillion, about half of the total public debt. The remainder is split between a wide variety of businesses and individuals around the country and the world (Gofman)." America is low on taxes that and the way balance that problem is to have lend some money.

James Madison begins his famous federalist paper by explaining that the purpose of this essay is to help the readers understand how the structure of the proposed government makes liberty possible. Each branch should be, for the most part, in Madison's opinion, independent. To assure such independence, no one branch should have too much power in selecting members of the other two branches. If this principle were strictly followed, it would mean that the citizens should select the president, the legislators, and the judges. But, the framers recognized certain practical difficulties in making every office elective. In particular, the judicial branch would suffer because the average person is not aware of the qualifications judges should

Many of us know about the Revolutionary War, and how our great country was mistreated by colonists, who were complete traitors. Prior to the revolution, the country suffered from a massive debt problem after the French and Indian War. As a nation, we tried our uttermost to help solve this debt problem for the colonists however, they refused to listen. The war cost our sovereign nation £70,000,000, rising our national debt to the all time high of £140,000,000. This war fought with the French and the Indians spawned one of the largest crisis that the country of Britain has ever experience.

Due to the enormous expense of fighting the revolutionary war, America was in debt as soon as it became a country. Both the national and state governments had accumulated large amounts of debt in the war effort. As the first secretary of the treasury, Hamilton had the responsibility of paying off the national debt, which was about $11.7 million to other countries and about $40.4 million to U. S. private citizens. In addition to the national debt, the state governments had also accumulated around $25 million of debt. In order to raise money during the war, the United States government sold bonds with the promise of buying back the bonds at a higher rate in the future. However, following the war the government was unable to fulfill that promise to the bond holders.

The saying “Be careful what you wish for, you might just get it” really applies to the colonists situation during the revolutionary war. The colonists wanted freedom so badly and just wanted to get away from the Brits and the King. When they eventually get what they wanted though, there were more problems than they thought of. They had their independence, but didn’t know what to do with it. After the war they were left with many problems including: Debt, no system of government, and overall not knowing what they were doing. The country had nothing before and during the war without the British, so they had to get things some way. They got loans from other countries in money, goods, and assistance in the war. They were left with debt from these loans in money and

“Ten Trillion and Counting,” presented by Frontline provides quite a picture of America’s national debt as it surpasses the trillion dollar mark. They ponder the financial well being of current and future retirees while also exposing on how America got into this mess, and what the Obama administration plans to do during his term. America is able to close the gap year to year in its national budget by selling bonds and T-bills. Foreigner countries who continually purchase these obligations are beginning to grow. Much like the Bush administration, the Obama administration has started borrowing big with plans to cut the budget years down the road. It is clear for anyone to see that this borrowing and the future promises of cutting cannot go

You may be asking yourself how america got in so much debt well it starts like this for example the capitol building ran out of light bulbs. The company selling them sells a 6 pack for five dollars, but since they are the government the lightbulb company charges them 30 dollars for it, but that's only 30 dollars compared to the 4 trillion dollar budget well add on buying overpriced paper, pens, pencils, tools, plans, ships, and

While rebellion is not always a healthy thing, as a result of Shay’s Rebellion we have learned many things about financial hardship after the Revolutionary War, how this affected masses of people, and how rebellion has shaped America today. Daniel Shays was one of the main leaders of the rebellion known as Shay’s Rebellion that occurred from 1786 to 1787, what Jonathan Smith says to be “one the most dramatic and significant incidents in the critical post-Revolutionary War period.” (Smith 77) With the Revolutionary War coming to an end in September of 1783, America, and its citizens, were struggling not only financially, but also politically. Financial struggles stemmed from the massive debt that the U.S. acquired

We are in debt because of the war for our freedom against the British. Now we are considering about paying 15 million for land we have never seen. This money will go to the French so they can go to war with the British that might involve us. It will take some time to pay it off. We don't have the money.

However, we can not continue to allow the British to control what we do in our colonies. The British has controlled us with the Intolerable Acts by outlawing town meetings.and closing the Boston Harbor. In addition, the British Parliament has created trade inequalities that have had a negative impact of us. The Parliament created mercantilism by forbidding us to trade with other countries, monopolizing our markets, banning the export of gold and silver, and limiting our wages.This was created due to the Parliament creating Triangular Trade Routes, Navigation Acts, and the Tea Act. We have to break free from the British government in order to gain financial prosperity, secure our rights, and declare our

We hear about the debt almost every day: news talks about it, politicians argue about it, even President Obama gives speeches on it. So what is the significance behind it? In this article I am going to explain briefly what the national debt is, how big it is, and what it has to do with us.

America loves the idea of liberty; throughout history, liberty has been “given” through the Declaration of Independence, the Constitution, the Civil War, even the American Revolution. In, Give Me Liberty! Eric Foner focuses on the major issue and theme is the idea of liberty and freedom. However it was only granted to the whites. Liberty was not given, and our country was based off of harsh treatment and oppression. African Americans were forced to slavery and Native Americans were forced to give up their land along with their “savage” ways of life. Eric Foner focuses on the main issue of liberty, which is never given.

One time the confederation asked certain states to provide 8 million dollars for the national government and the states only sent them 420,000 dollars and since the Confederation government could not impose their laws they had to accept the little money that was offered. Most of the time states did not support the government and since there was no law to force them to help, the government budget had very little money. The states were too lethargic to create a strong national government. Therefore, Congress had to rely on printing paper money which would eventually lessen the dollar value. Seven years of combat had bankrupted the new nation. Many farmers found themselves in accumulating debts and taxes. “In fact, during the 1780s, most Americans paid three times as much in taxes as they had under the British tyranny” (Shi 206). The patriots who had fought for their independence to get away from the powerful British government were now facing the same problem in the new nation which is the increase in taxes. At first the people objected to “no taxation without representation” in the British government and now they are objecting “taxation with representation” in their own new nation (Shi 206). Many farmers had lost their lands since most of them could not afford it anymore and some farmers were imprisoned if they were not capable of paying off their debt. Those who served in the war were never paid for their services. Many

“Life, liberty, and the pursuit of happiness,” is a phrase nearly every American knows as being the three unalienable rights that cannot be revoked by the government. These self-evident truths first appeared in the Declaration of Independence, a document written to rid the United States from its torrid oppressors. Liberty, however, is the most important of the three, seeing as if American did not have it, residents would simply be slaves to their government and could not be truly free-thinking citizens.

America is a developed country and freedom. However, freedom is not a thing that people could have it whenever they want. We have to pay a price for freedom, either American. According to American Revolution, I can see that people would do anything they need to do to get their own freedom. To do that, they would have needed motivation, and in this case, motivations were events in history, such as Stamp Act, accident in Boston, and Boston Tea Party. In my opinion, American Revolution is unavoidable, especially it is about